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20121201
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, and south america, which we really don't have now. really makes us a global powerhouse. >> you know, is the underwear business and the jeans business a bigger business than the suit business for example? >> yes. the underwear business worldwide is over a billion dollars in sales and jeans business is close to $2 billion. so those are the two largest categories followed by fragrance which is about a billion and a half dollars. >> when you did the tommy deal you knocked the cover off the ball. you put some numbers out. you delevered the company quickly. now you're back doing the warnerco deal. is this going to be as transformational? >> i think in some ways it's going to be more transformational. it really opens up two key markets for us to operate directly. today we are operating on joint ventures and licensing arrangements. so in asia, china specifically, ind india, and in latin america with brazil, you know, really opening up the developing economies, where warnaco, in those two areas approaching 20%. >> phillips-van heusen, to be able to transform it from what we think of when we
? i will talk about the bricks in a minute. i am talking about south america, eastern europe, parts of asia. why do i love this story? it is basic macroeconomics. the key ingredients that drive growth. we know the story of debt, deficit, fiscal cliff. we know that the story of the aging population and financing, if you look at the statistics are round or they measure the performance in mathematics, science, and reading, you can see where the problem is. today, they were in the number 27, 28, and so on. productivity generally is the x factor that accommodates for 60% of why one country grows and another does not. generally, it includes things like political dynamic, so we know what is happening there. that is not my prediction. look at this framework, capital, labor, productivity. you will see why i am incredibly bullish. in terms of capital, these economies by a large did not have the debt burden that other countries are facing right now. why is that important? these countries are not suffering from a deal leveraging problem. 60%-70% is under the age of 25. in you got there, over 50
efforts. but then out of no, where senator inouye south recognition. he knew that it was trying to get for millions of these young people living in america, a chance to serve their nation and prove their love and become legal in america, become citizens in america. and he took the floor, and i want to read what he said because it touched me. he said: madam president, i wish to step back in history if i may. on december 7, 1941, something terrible happened in hawaiile three weeks later the government hoff the united states declared that all japanese americans, citizens born in the united states or of japanese ancestry were to be considered enemy aliens, at a result, like these undocumented people, they could not put on the uniform of this lan. senator inouye went on to say, i was 17 at the time and naturally i resented this because i loved my country and wanted to put on the uniform to show where my heart stood. but we were denied. so we petitioned the government. the a year later they said, okay. i if you wish to volunteer, go ahead. senator inouye said, well to make a long story shor
Search Results 0 to 2 of about 3